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MORNING NOTE 20 DEC 2010

MARKET INSIGHTS: On Thursday Dec 16, 2010, It was pretty volatile session for the
DATA MATRIX OF LAST SESSION
Indian equity markets, though the benchmarks managed to make a good recovery in
INDEX Close Chg Chg the latter part of the day but throughout the session, trade remained choppy with at one
Sensex 19865 217 1.10% point the benchmarks seemed losing their crucial levels 19550 (Sensex) and 5850 (Nifty).
Nifty 5949 57 0.97% It was the good going at the European markets that boosted the morale of the domestic
shares. Earlier the markets started on a marginally positive note, though the US markets
Midcap 7568 25 0.33%
closed with modest losses on renewed worries from Europe as Moody's said that it may
Smallcap 9184 45 0.49% lower Spain's credit rating but the Asian pack was not much impacted with the latest
development of the region and that led the local markets to move higher. The broader
VALUE TRADED (Rs Crs) Chg indices were not looking confident since morning though the beaten down sectors of
previous session along with IT and technology showed good traction during the day.
BSE 4093 -19.51%
NSE 15307 -9.89% The BSE Sensex surged 217.08 points or 1.10% to settle at 19,864.85 while the S&P
F&O Total 129188 21.09% CNX Nifty soared 56.45 points or 0.96% to end at 5,948.75. On the sectoral front, IT,
tech and banking were top gainers while CG, auto and power closed marginally
lower. One non index gauge, suger, showed smart move today as government
NET INFLOWS (Rs Crs) Chg finally accepted the industry's demand and allowed export of sugar in a staggered
FIIs (317) 262% manner. In the first phase, sugar mills will be allowed to export a total of 5 lakh
DIIs 96 -198% tonne sugar.
There was two major economic developments scheduled on Thursday, though
FII OPEN INTEREST (Crs) Chg not considerable but they too marginally played role in deciding momentum for
FII Index Futures 17907 -1.91% the markets. The weekly food inflation numbers once again spiked up, according to
the data released by the ministry of commerce and industry, India's food price
FII Index Options 55071 2.61% index rose 9.46% on annual basis during week-ended Dec 4, compared with 8.69%
FII Stock Futures 35000 1.80% in the previous week. On Thursday, RBI has also announced its mid quarter policy
FII Stock Options 813 5.41% review, which on expected lines kept all the policy rates unchanged though in
order to ease the liquidity crunch the apex bank cut the SLR by 1% to 24%. The
markets took the move in a positive way and supported by the positive start in the
World Indices Chg
European markets started inching higher, touching its high points of the day in the
Dow Jones 11492 0.31% final hours and snapping the session near to it.
Nasdaq 2643 0.99%
On Friday 17 December 2010 most of the Asian markets ended in the positive
FTSE 100 5872 -0.17% terrain on last trading day of the week tracking the gains in US market on
unexpected drop in US unemployment claims and rise in housing start, which
Commodity Chg boosted sentiments of global economic recovery. Hang Seng rose 46.07 points or
Crude Oil (US$/bl) 91.8 -0.54% 0.20% to 22,714.85. Taiwan Weighted was up by 35.70 points or 0.41% to 8,817.90.
On the flip side, Shanghai Composite slipped 4.40 points or 0.15% to 2,893.74 and
Gold (US$/oz) 1376.1 -0.38%
Nikkei 225 was down by 7.46 points or 0.07% to 10,303.83.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
SUZLON 48.2 51.5 47.8 51.2 48.2 6.2 14605502
SAIL 179.9 189.0 177.3 188.0 178.5 5.3 4016413
HEROHONDA 1621.0 1702.5 1588.5 1696.0 1621.6 4.6 3264774
TCS 1109.0 1144.0 1104.2 1143.0 1103.7 3.6 2257852
INFOSYSTCH 3219.4 3300.0 3210.0 3295.8 3203.5 2.9 1063643

SCRIPS Open High Low Close Prev Close % Change Volume

M&M 752.0 752.0 721.0 732.3 752.9 -2.7 5987715
TATAPOWER 1300.0 1307.0 1273.6 1289.5 1316.9 -2.1 203634
SESAGOA 301.5 301.5 290.1 293.5 299.5 -2.0 2447832
HINDUNILVR 300.0 300.5 292.8 293.6 298.8 -1.7 1588180
MARUTI 1398.0 1399.0 1365.3 1373.0 1395.0 -1.6 338077

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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICAL GLIMPSE:
FAVORED TOT UP: Remember we have said that range bound scenario between 5690-6070 could be more justified at this stage. From the
last few trading sessions spot index witnessed some suggestive buying from the lower levels. For the upcoming sessions we believe the same
scenario though 6060-6066 could be the crucial resistence zone. For any major upside potential near to 6200 we believe spot index should close
above 6070 for at least two consecutive days with substantial volumes.

VARIED TOT UP: On the flip side any sell off from current levels may drift indices towards 5690 level where we might see some sort of
consolidation. Any drift below 5690-5700 may open the flood gates and possibility of sharp slide near to 5500 should be on higher side.
HAPPY TRADING......

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 19505 19662 19865 20008 20218 Rangebound
NIFTY 5870 5910 5949 5990 6030 Rangebound

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend

BANK NIFTY 11095 11270 11424 11623 11891 Rangebound
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Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ESSEL PACK 50.45 49 48 50.5 51 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

TODAYS 12.5 12.3 12.1 12.6 12.8 Rangebound

Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

RAJESH EXPORT 120.5 118 115 121 123 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

CELEBIRITY 17.35 18 18.5 17 16.5 Rangebound

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
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Morning Notes
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Vikram Singh Research Analyst vikram_research@moneysukh.com

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Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
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